Defence Exam > Defence Questions > The authorization of the withdrawal of funds ...
Start Learning for Free
The authorization of the withdrawal of funds from the Consolidated Fund of India must come from
- a)The President of India
- b)The Parliament of India
- c)The Prime Minister of India
- d)The Union Finance Minister
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
The authorization of the withdrawal of funds from the Consolidated Fun...
No money can be withdrawn from the Consolidated Fund of India without the Parliament's approval.
Most Upvoted Answer
The authorization of the withdrawal of funds from the Consolidated Fun...
The Parliament of India
The authorization of the withdrawal of funds from the Consolidated Fund of India must come from the Parliament of India. Below are the key reasons why:
- **Constitutional Provision**:
- The Consolidated Fund of India is established under Article 266 of the Indian Constitution. As per this article, no money can be withdrawn from the Consolidated Fund of India without the authorization of the Parliament.
- **Budget Approval**:
- The funds in the Consolidated Fund of India are allocated through the annual budget presented by the Union Finance Minister in the Parliament. The budget needs to be approved by the Parliament before any funds can be withdrawn.
- **Appropriation Bill**:
- The authorization for withdrawal of funds is provided through the Appropriation Bill. This bill is presented in the Parliament for approval, specifying the amount and purpose for which funds can be withdrawn from the Consolidated Fund.
- **Control over Public Funds**:
- The Parliament, being the representative body of the people, exercises control over public funds to ensure transparency and accountability in the financial management of the government.
- **Checks and Balances**:
- By requiring authorization from the Parliament for fund withdrawal, it ensures that there are checks and balances in place to prevent misuse or mismanagement of public funds.
In conclusion, the Parliament of India plays a crucial role in authorizing the withdrawal of funds from the Consolidated Fund of India, in line with the constitutional provisions and principles of financial accountability.
The authorization of the withdrawal of funds from the Consolidated Fund of India must come from the Parliament of India. Below are the key reasons why:
- **Constitutional Provision**:
- The Consolidated Fund of India is established under Article 266 of the Indian Constitution. As per this article, no money can be withdrawn from the Consolidated Fund of India without the authorization of the Parliament.
- **Budget Approval**:
- The funds in the Consolidated Fund of India are allocated through the annual budget presented by the Union Finance Minister in the Parliament. The budget needs to be approved by the Parliament before any funds can be withdrawn.
- **Appropriation Bill**:
- The authorization for withdrawal of funds is provided through the Appropriation Bill. This bill is presented in the Parliament for approval, specifying the amount and purpose for which funds can be withdrawn from the Consolidated Fund.
- **Control over Public Funds**:
- The Parliament, being the representative body of the people, exercises control over public funds to ensure transparency and accountability in the financial management of the government.
- **Checks and Balances**:
- By requiring authorization from the Parliament for fund withdrawal, it ensures that there are checks and balances in place to prevent misuse or mismanagement of public funds.
In conclusion, the Parliament of India plays a crucial role in authorizing the withdrawal of funds from the Consolidated Fund of India, in line with the constitutional provisions and principles of financial accountability.
|
Explore Courses for Defence exam
|
|
Similar Defence Doubts
The authorization of the withdrawal of funds from the Consolidated Fund of India must come froma)The President of Indiab)The Parliament of Indiac)The Prime Minister of Indiad)The Union Finance MinisterCorrect answer is option 'B'. Can you explain this answer?
Question Description
The authorization of the withdrawal of funds from the Consolidated Fund of India must come froma)The President of Indiab)The Parliament of Indiac)The Prime Minister of Indiad)The Union Finance MinisterCorrect answer is option 'B'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about The authorization of the withdrawal of funds from the Consolidated Fund of India must come froma)The President of Indiab)The Parliament of Indiac)The Prime Minister of Indiad)The Union Finance MinisterCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The authorization of the withdrawal of funds from the Consolidated Fund of India must come froma)The President of Indiab)The Parliament of Indiac)The Prime Minister of Indiad)The Union Finance MinisterCorrect answer is option 'B'. Can you explain this answer?.
The authorization of the withdrawal of funds from the Consolidated Fund of India must come froma)The President of Indiab)The Parliament of Indiac)The Prime Minister of Indiad)The Union Finance MinisterCorrect answer is option 'B'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about The authorization of the withdrawal of funds from the Consolidated Fund of India must come froma)The President of Indiab)The Parliament of Indiac)The Prime Minister of Indiad)The Union Finance MinisterCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The authorization of the withdrawal of funds from the Consolidated Fund of India must come froma)The President of Indiab)The Parliament of Indiac)The Prime Minister of Indiad)The Union Finance MinisterCorrect answer is option 'B'. Can you explain this answer?.
Solutions for The authorization of the withdrawal of funds from the Consolidated Fund of India must come froma)The President of Indiab)The Parliament of Indiac)The Prime Minister of Indiad)The Union Finance MinisterCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Defence.
Download more important topics, notes, lectures and mock test series for Defence Exam by signing up for free.
Here you can find the meaning of The authorization of the withdrawal of funds from the Consolidated Fund of India must come froma)The President of Indiab)The Parliament of Indiac)The Prime Minister of Indiad)The Union Finance MinisterCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
The authorization of the withdrawal of funds from the Consolidated Fund of India must come froma)The President of Indiab)The Parliament of Indiac)The Prime Minister of Indiad)The Union Finance MinisterCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for The authorization of the withdrawal of funds from the Consolidated Fund of India must come froma)The President of Indiab)The Parliament of Indiac)The Prime Minister of Indiad)The Union Finance MinisterCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of The authorization of the withdrawal of funds from the Consolidated Fund of India must come froma)The President of Indiab)The Parliament of Indiac)The Prime Minister of Indiad)The Union Finance MinisterCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The authorization of the withdrawal of funds from the Consolidated Fund of India must come froma)The President of Indiab)The Parliament of Indiac)The Prime Minister of Indiad)The Union Finance MinisterCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Defence tests.
|
|
Explore Courses for Defence exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup